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Mortgage Rates Surpass Seven Percent

January 16, 2025 by Jim Callahan

January 16, 2024
Mortgage rates ticked up for the fifth consecutive week and crossed seven percent for the first time since May of 2024. The underlying strength of the economy is contributing to this increase in rates. Despite rising rates, Freddie Mac research highlights that consumers can save money if they shop for several different lender quotes.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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